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One of British retailing’s highest flyers has been handed a £36 million signing-on fee to run Apple’s stores. John Browett , who left Dixons last month for the technology giant’s new campus in Cupertino, California, will receive the payout, to be made in Apple shares, over five years, according to reports.

The package far eclipses his take-home pay at Dixons, where he earned a base salary of £676,000 last year in addition to £354,000 in bonuses, pensions and other perks.

Apple pays its top staff well. Its chief executive Tim Cook, who took over from the late Steve Jobs last year,